Maybe as a though exercise over the next few months: pretend that you have to give up real estate and go back to school.

In 5 years when the option gets exercised (if it gets exercised) we should make accumulatively 60k over the 5 years and with the sale.Closed on 1 flipThis is probably the deal I am most grateful for.  

I could come up with numbers but it's not worth the exercise to me because it's so far from what is being asked.

The part that I'd exercise great caution about and would not recommend for a first-time investor is an out-of-town rehab.

Is this a worthwhile exercise?

Germain Depository Institutions Act of 1982  "... a lender may not exercise its option pursuant to a due-on-sale clause upon ... a transfer into an inter vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property[.]"  

An hours worth of their time they would spend with you might be worth thousands to tens of thousands of dollars per hour for the return they get spending on their business.The people that get this information most will not follow through so it is a wasted exercise.

We have an idea of the best route for us, but wanted to reach out and make sure we exercise all options! 

You could try leasing it with a separate purchase option (exercisable within 12-months).  

If they can't do that then I have an early termination clause in my lease they can exercise and get out now.They need to pay rent according to the lease or face the legal consequences (eviction).